Financial News

Amnesty’s secretary-general said the EU has a chance to lead with new AI regulations and member states shouldn’t “undermine” the forthcoming AI Act. The secretary-general of Amnesty International, Anges Callamard, released a statement on Nov. 27 in response to three European Union member states pushing back on regulating artificial intelligence (AI) models. France, Germany and Italy reached an agreement that included not adopting such stringent regulations for […]

Sniper bots are automated tools executing precise actions at specific moments in cryptocurrency and online activities, aiming for strategic advantage. What is a sniper bot? Sniper bots are automated software programmed for specific actions at predetermined times to find applications in online auctions, sales and crypto trading, ensuring precise market transactions.In the context of online activities, an […]

While eToro received Financial Services Permission (FSP) approval for operating as a securities, derivatives and crypto assets broker, M2 became a fully regulated Multilateral Trading Facility (MTF) and custodian. Crypto investment platforms eToro and M2 received various degrees of approval to offer their services in the United Arab Emirates from the ADGM Financial Services Regulatory Authority, which oversees the UAE’s international financial center, the Abu Dhabi Global […]

Bitcoin ETF approvals may have key timing as the Ichimoku Cloud demands the BTC price keep climbing into 2024. Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot BTC exchange-traded fund (ETF).As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation.Analysis: $43,000 BTC price is “most conservative level”Bitcoin is in a rare position on weekly timeframes when it comes to […]

Cathie Wood’s ARK Invest has sold another 43,956 Coinbase shares as the stock hits an 18-month high at $119.7 per share. ARK Invest, one of the companies that filed an application for a spot Bitcoin exchange-traded fund (ETF), is again taking profits on its Coinbase shares as the stock price surges.On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF, according to a trade notification seen by Cointelegraph. Coinbase stock reached $119.7 per […]

A newly published working paper on Bitcoin mining has worked to counter claims from anti-crypto politicians that Bitcoin is melting the planet. Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin (BTC) advocates and the former president of the Electric Reliability Council of Texas (ERCOT), the operator of Texas’ electrical grid. The Nov. 22 paper titled “Leveraging Bitcoin Miners as Flexible […]

The group of FTX users is taking aim at the Mercedes Formula One team and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms. The Mercedes-AMG Petronas F1 Team and Major League Baseball (MLB) helped FTX perpetrate fraud through promotional deals with the crypto exchange, according to a new lawsuit from a group of FTX users.The plaintiffs filed twin class-action lawsuits in a Florida district court on Nov. 27, […]

“Even Mars may not be safe” if superintelligent AI turns against humanity, warns Ethereum co-founder Vitalik Buterin. Super-advanced artificial intelligence (AI), left unchecked, has a “serious chance” of surpassing humans to become the next “apex species” of the planet, according to Ethereum co-founder Vitalik Buterin. But that will boil down to how humans potentially intervene with AI developments, he said. New monster post: my own current perspective on the […]

The price high comes after rival exchange Binance pleaded guilty and traders seemingly priced in Coinbase’s custodian agreements for a slate of spot crypto ETFs. Shares of crypto exchange Coinbase have hit an 18-month high after rival exchange Binance and its former CEO Changpeng “CZ” Zhao pleaded guilty to money laundering and sanctions violations in the United States.On Nov. 27, Coinbase closed at $119.77, its highest since May 5, 2022, when it closed at $114.25, […]

Binance.US attorney Matthew Laroche has asked a federal judge to consider ending the SEC’s investigation for potential fraud. The United States Securities and Exchange Commission (SEC) is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by The Wall Street .In June, the SEC filed a lawsuit against Binance and Binance.US, alleging that the exchange was involved in the […]